Bitcoin Forex Forum | Forex Community Place
Bitcoin Forex Forum
Forex Community Place
Results 1 to 4 of 4

Thread: Knowledge about Bitcoin - the original of crypto.

  1. #1 Collapse post

    Knowledge about Bitcoin - the original of crypto.

    What Is Bitcoin?
    Bitcoin is a decentralized, peer-to-peer cryptocurrency system designed to allow online users to process transactions through digital units of exchange called bitcoins (BTC). Started in 2009 by a mysterious entity named Satoshi Nakamoto, the Bitcoin network has come to dominate and even define the cryptocurrency space, spawning a legion of altcoin followers and representing for many users an alternative to government flat currencies like the U.S. dollar or the euro or pure commodity currencies like gold or silver coins.1

    Why the need for bitcoin in the first place, if there are already so many traditional means of making payments? A key element of bitcoin is its decentralized status, meaning that it is not controlled or regulated by any central authority. This immediately distinguishes it from fiat currencies. Bitcoin payments are processed through a private network of computers linked through a shared ledger. Each transaction is simultaneously recorded in a "blockchain" on each computer that updates and informs all accounts. The blockchain serves as a distributed ledger and obviates the need for any central authority to maintain such records.

  2. The Following User Says Thank You to stanleyik10 For This Useful Post:

    Wekesa (Yesterday)

  3. #2 Collapse post

  4. #3 Collapse post
    This pretty much sums up the basic information that people must know about Bitcoin. This is going to be helpful for beginners.

  5. The Following 2 Users Say Thank You to Aya For This Useful Post:

    Unregistered (2 )

  6. InstaForex
  7. #4 Collapse post
    And the day its started am so afraid that I never took the innitiative to earn from it is a time I love to forget so very important for me to realize what happened that is what I remember I saw it , its important then am able to keep everything working well for me, am praying there comes another investment opportunity like bitcoin , thats the case

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Earn up to
$50 000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
BONUS 1000$
from InstaForex
on every deposit